Who?

I am a 36 year old debtor living in Northern England with about £20,000 pounds worth of debt and no clear way of paying it off. I could be your neighbour or your friend as no one discusses debt. Debtors used to be carted off to debtor's prisons now we mainly exist in metaphorical prisons.

Follow me as I try and keep my head above water with my finances.

Friday, 31 July 2009

The Plan

Ok. So I'm in a pickle what do I do about it?

Here is my plan.

1) Continue to follow the payment plan established for me by the Citizen's Advice Bureau debt team.

2) Stick to a tight budget for once but ensure that I have some funds remaining for repayment.

3) Buy only what is extremely necessary for one month and review the situation at the end of the period.

4) Collect spare change, after buying a necessary object and use to pay off debt. This is the looking after the pennies part of the plan.

5) Blog my financial journey for a month initially.


6) Sell unwanted items on Ebay to make a bit of money.

7) Use the facility on Blogger to make money from my blog.

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